1345 Middletown Road, Glen Mills, PA 19342

$565,000
8
BD
2
BA
3,935
SqFt

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Sold Price
$565,000
List Price
$849,000
Closing Date
Mar 15, 2024
Days on Market
246
Status
CLOSED
MLS#
PADE2047254
Bedrooms
8
Bathrooms
2
Full Baths
2
Living Area
3,935
Lot Size (Acres)
2.4
Style
Colonial
Year Built
1740
County
Delaware
School District
Rose Tree Media

Property Description

Located in the true heart of downtown Gradyville lies an opportunity to write yourself into the rich history of two of Edgmont Township’s most recognizable dwellings, the former “Gradyville Inn” (dating back to approximately 1740) and the Gradyville Post Office (currently cash flowing at $36,500 annually with a lease in place until 11/2026!). Situated on a sprawling corner property with high visibility, this parcel is in the C-1 Zoning District, but allows for both commercial AND residential uses. It goes without saying that Edgmont’s residents prefer that the post office remain, and that is the wish of the owner, as well (sale subject to current lease). With a current lease of $3,041/month ($36,500 annually, through November, 2026), the new owner will have immediate income as they work with the township on their vision and plans for this parcel on a prominently located corner property in charming Gradyville. The post office (#1347) is a two-story dwelling (approximately 3,000sf total) with the 2nd story consisting of five offices (see agent for current permitted uses and the Township for possible permissible uses), a bathroom and utility room. There is private access to this level via an exterior stairwell on either side of the building.The following ideas for suggested use will all need to be outlined and proposed to the Township for approval: The former Gradyville Inn can be restored to its grandeur, or with Edgmont Twp approval, made into a twin home, as the footprint is large enough to accommodate for two side-by-side residences. The 2nd and 3rd floors have 4 bedroom each, with a second kitchen (plumbing is there) on the 2nd level. Deep window wells, incredibly intricate millwork and tiles from the 1740's. Thinking of adding a single-family dwelling to this property, or potentially two if allowable (2 acre minimum, so this would require the former Inn to be demolished)? Bring your vision to the Township and be the catalyst to improve this special parcel in historic Gradyville. Note: As per Edgmont Township, “The C-1 District is designed primarily for commercial development with a view toward serving the general convenience shopping or service needs of local neighborhoods and the residents of the Township; providing areas which are nearby and accessible to such neighborhoods and residents; establishing regulations to help ensure compatibility with adjacent residential uses; and promoting more of a village-type character with small buildings in scale with and/or similar to those in historic Gradyville.

Additional Information

Area
Edgmont Twp (10419)
Subdivision
None Available
Taxes
$12464
School District
Rose Tree Media
Elementary School
Glenwood
Middle School
Springton Lake
High School
Penncrest
Fireplaces
2
Heating
Forced Air
Heating Fuel
Oil, Electric
Cooling
None
Water
Well
Sewer
Septic Exists
Basement
Yes

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Listing courtesy of Keller Williams Realty Devon-Wayne. Contact:

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